Market Overview
The market is experiencing a shift in sentiment, with AI spending worries spreading and impacting stocks like NVDA [1]. Meanwhile, GOOGL saw significant investment from Berkshire, with $10B going to a single company at a private price [3]. - Investors are seizing opportunities ahead of earnings, as seen with NVDA [2]. - The market is also reacting to the latest economic data. - Core CPI is tracking near 3%, with real-time measures running below it.
Economic Data
The latest economic data suggests that the Fed may be on the verge of a second sequential policy error, with core CPI tracking near 3% and real-time measures running well below it [4]. This has implications for the market, particularly for stocks like SPY. The case for screening small caps by dividend and balance sheet is also becoming stronger.
Investor Activity
Investors are actively seeking opportunities, with some seizing the chance to buy ahead of earnings [2]. Others, like Berkshire, are making significant investments in private placements, with over 40% of their $23.5B stock buys going into a single private placement [3].